CEO Pat Lardner
and company hosted industry players and MFWire at their New York Breakfast Seminar
at the Harmonie Club on Friday.
The morning event included a Brexit update from Ken Owens
, a partner in the asset and wealth management group at PwC Ireland
. Owens suggests a deal between the EU and UK must be reached by November 2018 in order to be approved by March 2019. He also suggests firms will start to relocate their UK-based businesses to elsewhere in Europe as early as March 2018 if they receive no other negotiation updates.
Owens was followed by a MiFID II update given by Jason Poonoosamy
, a Dublin-based risk director at DMS
, and Colman O'Loghlen
, a New York-based foreign associate at Dechert LLP
. O'Loghlen warned us, "Winter is coming in New York like MiFID II is coming to Dublin."
The second half of the morning included Irish Funds updates from: Kevin Murphy
, head of the asset management and investment funds group at Dublin-based Arthur Cox
; Dave Ray
, a partner and general counsel at New York-based White Oak Global Advisors, LLC
; and Mike Kirby
, a managing principal at Dublin-based KB Associates
This Irish Funds update included an introduction to CP86, which is a 140-page guidance document issued by the Central Bank of Ireland and applies to Mancos, AIFMs, SMICs, and internally managed AIFs.
The closing remarks were given by Tara Doyle
, Irish Funds chairperson and Dublin-based partner Matheson
Premium corporate sponsors for Irish Funds are Brown Brothers Harriman
, IDA Ireland
, State Street
, and J.P.Morgan
. Event sponsors are Maples
, Northern Trust
, and Dillon Eustace
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